(based on active accounts as of 12/31/16) 139,803€¦ · *2016 u.s. census estimate for georgia...

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$2,125,428,909 Total Assets Who is saving in the Path2College 529 Plan 18-25 25-29 30-34 35-39 40-44 45-49 50-54 55-59 60-65 65+ 3,214 1,064 5,659 16,660 12,410 18,267 11,808 6,232 3,113 6,399 Age Beneficiary age at account opening 0-5 6-11 12-14 15-18 19-24 25+ 59,394 34,268 15,139 3,121 3,228 26,569 Age Current age of beneficiaries 0-5 6-11 12-14 15-18 19-24 25+ 29,838 42,035 24,002 14,400 4,956 24,572 Age $558,481,244 Qualified withdrawals since inception Qualified higher education expenses include tuition, fees, books, supplies and equipment required for enrollment, such as computers and related technology such as internet access fees, software or printers. (Many account owners have accounts for more than one beneficiary/child) Path2College Stats 84,846 Account Owners $14,763 $27,754 115,375 Average monthly contribution Average account size $363 Beneficiaries WITHDRAWALS WITHDRAWALS How people contribute to the Plan Automatic Contribution Check Payroll Deduction E-Gift 68% 28% Contributions to Path2College 529 Plan can be made for as little as $25. $ Georgia's average monthly contribution for contributing accounts Albany –$359 Atlanta –$373 Augusta –$340 Columbus –$346 Dalton –$353 Macon –$323 Savannah –$363 Valdosta –$341 Average Georgia student loan debt for class of 2015 The Institute for College Access & Success Number of children under the age of 18 with a Path2College 529 Plan $29,230 Average cost of college in Georgia public & private schools IPEDS 2,511,544 4.0% Number of Georgia children under the age of 18 *2016 U.S. Census estimate for Georgia Albany –372 Atlanta –90,798 Augusta –1,065 Columbus –837 Dalton –474 Macon –1,995 Savannah –1,850 Valdosta –313 Other –4,146 Out-of-State –13,525 139,803 www.path2college529.com (based on active accounts as of 12/31/16) Consider the investment objectives, risks, charges and expenses before investing in the Path2College 529 Plan. Visit www.path2college529.com for a Plan Disclosure Booklet containing this and other information. Please read it carefully. Before investing in a 529 plan, you should consider whether the state you or your beneficiary reside in or have taxable income in has a 529 plan that offers favorable state income tax or other benefits that are only available if you invest in that state’s 529 plan. Taxpayers should seek advice from an independent tax advisor based on their own particular circumstances. Non-qualified withdrawals may be subject to federal and state taxes and the additional 10% federal tax. Account value for the investment options is not guaranteed and will fluctuate based upon a number of factors, including general market conditions. TIAA-CREF Tuition Financing, Inc., Program Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Path2College 529 Plan. 120097 2.4% 1.6% % of Georgia children under the age of 18 with a Path2College account Market Penetration

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Page 1: (based on active accounts as of 12/31/16) 139,803€¦ · *2016 U.S. Census estimate for Georgia Albany –372 Atlanta –90,798 Augusta –1,065 Columbus –837 Dalton –474 Macon

$2,125,428,909 Total Assets

Who is saving in the Path2College 529 Plan

18-25

25-29

30-34

35-39

40-44

45-49

50-54

55-59

60-65

65+

3,214

1,064

5,659

16,660

12,410

18,267

11,808

6,232

3,113

6,399

Ag

e

Beneficiary age at account opening0-5

6-11

12-14

15-18

19-24

25+

59,394

34,268

15,139

3,121

3,228

26,569Ag

e

Current age of beneficiaries 0-5

6-11

12-14

15-18

19-24

25+

29,838

42,035

24,002

14,400

4,956

24,572Ag

e

$558,481,244Qualified withdrawals since inception

Qualified higher education expenses include tuition, fees, books, supplies and equipment required for enrollment, such as computers and related technology such as internet access fees, software or printers.

(Many account owners have accounts for more than one beneficiary/child)

Path2College Stats

84,846 Account Owners

$14,763

$27,754

115,375

Average monthly contribution

Averageaccount size

$363

Beneficiaries

WITHDRAWALSWITHDRAW

ALS

How people contribute to the PlanAutomatic ContributionCheckPayroll DeductionE-Gift

68%

28%

Contributions to Path2College 529 Plan can be made for as little as $25.

$Georgia's average monthly contribution for contributing accounts

Albany –$359

Atlanta –$373

Augusta –$340

Columbus –$346

Dalton –$353

Macon –$323

Savannah –$363

Valdosta –$341

Average Georgia student loan debt for class of 2015

The Institute for College Access & Success

Number of children under the age of 18 with a Path2College 529 Plan

$29,230Average cost of college

in Georgia public & private schools

IPEDS

2,511,544

4.0%

Number of Georgia children under the age of 18

*2016 U.S. Census estimate for Georgia

Albany –372Atlanta –90,798Augusta –1,065Columbus –837

Dalton –474Macon –1,995Savannah –1,850Valdosta –313

Other –4,146Out-of-State –13,525

139,803 www.path2college529.com

(based on active accounts as of 12/31/16)

Consider the investment objectives, risks, charges and expenses before investing in the Path2College 529 Plan. Visit www.path2college529.com for a Plan Disclosure Booklet containing this and other information. Please read it carefully.Before investing in a 529 plan, you should consider whether the state you or your beneficiary reside in or have taxable income in has a 529 plan that offers

favorable state income tax or other benefits that are only available if you invest in that state’s 529 plan.Taxpayers should seek advice from an independent tax advisor based on their own particular circumstances. Non-qualified withdrawals may be subject to federal and state taxes and the additional 10% federal tax.

Account value for the investment options is not guaranteed and will fluctuate based upon a number of factors, including general market conditions. TIAA-CREF Tuition Financing, Inc., Program Manager. TIAA-CREF Individual & Institutional Services, LLC, member FINRA, distributor and underwriter for the Path2College 529 Plan.

120097

2.4%1.6%

% of Georgia children under the age of 18 with a Path2College account

MarketPenetration